Search
 

CMD Pays $3.5 Mil for 108,635-SF Suwanee Industrial Asset

ATLANTA-The locally-based logistics fulfillment company snapped up the 108,635-sf industrial facility along the Interstate 85 corridor when Global Equipment Inc., the former owner-tenant, moved to its own new building. The price equates to $32.21 per sf.

By Judith Schonback | Updated on October 11, 2000

ATLANTA-CMD, a locally-based logistics fulfillment company, opted to buy a building for present use and future expansion. The company paid $3.5 million or $32.21 per sf for the 108,635-sf 1050 Northbrook building, located in Suwanee, along the I-85 corridor in the northeast quadrant of the metro area.

Industrial space in the area is in demand. The building became available when the former owner-tenant, Global Equipment Inc., moved to its new 300,000-sf build-to-suit facility, also within the northeast quadrant.

CMD plans to use about half the building immediately and is looking for a tenant to occupy the remainder. Rental rates in the area range between $3.50 per sf and $5.50 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

Recommended Stories

GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.